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29.07.2014 - Statistics on the housing market in the UK exceeded the expectations

29.07.2014 - Statistics on the housing market in the UK exceeded the expectations

Data on the
housing market in the UK pleased investors. Thus, the number of permits issued
for mortgage lending in June rose to 67 thousands. The housing market is very
important because it creates significant number of jobs and contributes to the
growth of GDP as a whole. We recall that the Bank of England recently announced
stricter control over providing mortgage loans in order to reduce the risk of a
new mortgage crisis and provide home loans only to reliable borrowers.

At the same
time it is worth noting that the state program to support the purchase of a
first home has led to growth in the sector and continues to contribute
positively to the economic situation in the country. Risk for of the British
pound is a referendum on Scottish independence in September, before which the
price of the currency may decline. Despite the fact that the growth potential
of the British pound has dropped significantly and the currency looks quite
expensive, we maintain midterm positive outlook for the pound with the
objectives of 1.72 and 1.73.

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’

LEGAL: ‘fxfinpro.com’ is a domain owned and operated by ‘PFX Financial Professionals Limited’, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840, having its principal place of business at 82 Nikou and Despina Pattichi Avenue, Maritania Court, Office 101, Kato Polemedia, 3070 Limassol, Cyprus. ‘PFX Financial Professionals Limited’ is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under license number 193/13. ‘PFX Financial Professionals Limited’ operates in accordance with the Markets in Financial Instruments Directive (‘MiFID’) of the European UnionRESTRICTED REGIONS: PFX Financial Professionals Limited does not provide services to citizens of the USA, Canada, Japan, Belgium, North Korea, or Iran

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.